Lasting Power of Attorney
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The Lasting Power of Attorney (LPA) is a legal document that allows a person who is over 21 years of age (‘donor’) to appoint one or more persons (‘donee(s)’) to make decisions and act on their behalf should they lose mental capacity one day.
There are 2 main types of LPA appointment and they are frequently used. A donee can be appointed to act in the two broad areas of personal welfare and property matters.
Why should you get an LPA?
If you unfortunately lose mental capacity and did not make a Lasting Power of Attorney, your family members must apply for a court order to administer your affairs. This court order is one where the court appoints a person to be the court-appointed deputy to manage your affairs.
If you had made an LPA, your family members do not need to get the court order. This means that they save money (several thousand dollars) and time (several months) because you already had an LPA which they can rely on. There are many instances of families who cannot access the bank accounts of the breadwinner who has lost mental capacity, and therefore cannot pay their bills whilst waiting for the court order to be issued.
Setting up a Lasting Power of Attorney is relatively straightforward and inexpensive, but will give you significant peace of mind should the worst occur.
Lasting Power of Attorney
Lasting Power of Attorney
$300
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Why clients choose us
Our fees are fixed and affordable from the outset so that you can have peace of mind.
Our lawyers are recognized as leading family lawyers by the Straits Times, and other leading publications.
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